by GazBB
All,
“U.S. equity funds lure inflows for third straight week”
www.investing.com/news/economy/us-equity-funds-lure-inflows-for-third-straight-week-2933035
Just saw this. Of course the amount of money is quite small compared to the size of the equity market but it does signal that we might have reached a bottom. I guess this is a really good opportunity for those sitting on a pile of cash.
Edit #1:
For naysayers, I have used the word “might” and not “will”. Yes, there’s a small chance that market can go still lower but there are quite a few things that point to the opposite.
Rates are still expected to go up but at a slower pace. Feds tone now is less hawkish than before. And that’s a good sign for the market.
Edit #2:
Considering rampant inflation, and that peoples savings have taken a hit, the billions of $$$ poured into the market from fund companies rather than retail investors. It’s a speculation but one that makes sense.